American Vanadium Closes $2 Million Non-Brokered Private Placement

American Vanadium Corp. (TSXV:AVC,OTCQX:AVCVF) reported completion of its previously announced non-brokered private placement for CDN$2,000,030.

As quoted in the press release:

Each Unit consists of one common share (“Common Share”) in the capital of the Company and onehalf of a non-transferable common share purchase warrant (each whole warrant, a “Warrant”).  Each whole Warrant will entitle the holder thereof to purchase one Common Share at the price of CDN$1.00 each until March 12, 2014.  All securities issued in connection with the Private Placement are subject to a four month hold period, expiring January 13, 2013.

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